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Side-by-side financial comparison of Mistras Group, Inc. (MG) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $181.5M, roughly 1.8× Mistras Group, Inc.). Mistras Group, Inc. runs the higher net margin — 2.1% vs -259.7%, a 261.7% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -7.0%). Mistras Group, Inc. produced more free cash flow last quarter ($26.0M vs $-134.8M). Over the past eight quarters, Mistras Group, Inc.'s revenue compounded faster (-0.8% CAGR vs -26.8%).
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
MG vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $326.2M |
| Net Profit | $3.8M | $-847.1M |
| Gross Margin | 28.4% | 35.5% |
| Operating Margin | 7.0% | -193.0% |
| Net Margin | 2.1% | -259.7% |
| Revenue YoY | 5.1% | -7.0% |
| Net Profit YoY | -27.4% | -277.4% |
| EPS (diluted) | $0.12 | $-3.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $181.5M | $326.2M | ||
| Q3 25 | $195.5M | $240.3M | ||
| Q2 25 | $185.4M | $228.1M | ||
| Q1 25 | $161.6M | $384.9M | ||
| Q4 24 | $172.7M | $350.7M | ||
| Q3 24 | $182.7M | $446.0M | ||
| Q2 24 | $189.8M | $291.2M | ||
| Q1 24 | $184.4M | $609.5M |
| Q4 25 | $3.8M | $-847.1M | ||
| Q3 25 | $13.1M | $-263.0M | ||
| Q2 25 | $3.0M | $-546.5M | ||
| Q1 25 | $-3.2M | $-175.4M | ||
| Q4 24 | $5.2M | $-224.4M | ||
| Q3 24 | $6.4M | $9.3M | ||
| Q2 24 | $6.4M | $-88.9M | ||
| Q1 24 | $995.0K | $54.1M |
| Q4 25 | 28.4% | 35.5% | ||
| Q3 25 | 29.8% | 18.1% | ||
| Q2 25 | 29.1% | 8.4% | ||
| Q1 25 | 25.3% | 21.4% | ||
| Q4 24 | 26.5% | 17.6% | ||
| Q3 24 | 26.8% | 27.1% | ||
| Q2 24 | 27.1% | 23.8% | ||
| Q1 24 | 25.0% | 62.4% |
| Q4 25 | 7.0% | -193.0% | ||
| Q3 25 | 10.4% | -37.4% | ||
| Q2 25 | 4.5% | -170.3% | ||
| Q1 25 | -0.6% | -3.3% | ||
| Q4 24 | 6.1% | 65.0% | ||
| Q3 24 | 6.5% | 17.8% | ||
| Q2 24 | 6.3% | 12.3% | ||
| Q1 24 | 3.0% | 30.4% |
| Q4 25 | 2.1% | -259.7% | ||
| Q3 25 | 6.7% | -109.4% | ||
| Q2 25 | 1.6% | -239.6% | ||
| Q1 25 | -2.0% | -45.6% | ||
| Q4 24 | 3.0% | -64.0% | ||
| Q3 24 | 3.5% | 2.1% | ||
| Q2 24 | 3.4% | -30.5% | ||
| Q1 24 | 0.5% | 8.9% |
| Q4 25 | $0.12 | $-3.03 | ||
| Q3 25 | $0.41 | $-0.96 | ||
| Q2 25 | $0.10 | $-1.99 | ||
| Q1 25 | $-0.10 | $-0.65 | ||
| Q4 24 | $0.17 | $-1.10 | ||
| Q3 24 | $0.20 | $0.03 | ||
| Q2 24 | $0.20 | $-0.42 | ||
| Q1 24 | $0.03 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $28.0M | $226.5M |
| Total DebtLower is stronger | $178.0M | $8.2B |
| Stockholders' EquityBook value | $235.1M | $182.6M |
| Total Assets | $578.8M | $10.6B |
| Debt / EquityLower = less leverage | 0.76× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $226.5M | ||
| Q3 25 | $27.8M | $145.2M | ||
| Q2 25 | $20.0M | $551.1M | ||
| Q1 25 | $18.5M | $447.9M | ||
| Q4 24 | $18.3M | $492.9M | ||
| Q3 24 | $20.4M | $90.8M | ||
| Q2 24 | $17.2M | $133.0M | ||
| Q1 24 | $16.9M | $143.5M |
| Q4 25 | $178.0M | $8.2B | ||
| Q3 25 | $202.3M | — | ||
| Q2 25 | $189.4M | — | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $169.6M | $8.9B | ||
| Q3 24 | $189.7M | — | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $198.4M | — |
| Q4 25 | $235.1M | $182.6M | ||
| Q3 25 | $227.4M | $1.1B | ||
| Q2 25 | $215.8M | $1.3B | ||
| Q1 25 | $198.7M | $1.8B | ||
| Q4 24 | $198.6M | $1.9B | ||
| Q3 24 | $205.2M | $1.6B | ||
| Q2 24 | $193.2M | $1.6B | ||
| Q1 24 | $187.1M | $1.7B |
| Q4 25 | $578.8M | $10.6B | ||
| Q3 25 | $596.3M | $12.0B | ||
| Q2 25 | $571.0M | $12.0B | ||
| Q1 25 | $526.8M | $13.1B | ||
| Q4 24 | $523.0M | $12.9B | ||
| Q3 24 | $551.7M | $12.0B | ||
| Q2 24 | $548.1M | $11.4B | ||
| Q1 24 | $542.1M | $10.9B |
| Q4 25 | 0.76× | 44.78× | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.85× | 4.74× | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.06× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $32.1M | $-76.2M |
| Free Cash FlowOCF − Capex | $26.0M | $-134.8M |
| FCF MarginFCF / Revenue | 14.3% | -41.3% |
| Capex IntensityCapex / Revenue | 3.4% | 18.0% |
| Cash ConversionOCF / Net Profit | 8.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $-76.2M | ||
| Q3 25 | $4.5M | $-171.0M | ||
| Q2 25 | $-9.3M | $-329.0M | ||
| Q1 25 | $5.6M | $-7.2M | ||
| Q4 24 | $25.7M | $445.3M | ||
| Q3 24 | $19.4M | $-20.0M | ||
| Q2 24 | $4.5M | $113.9M | ||
| Q1 24 | $604.0K | $63.0M |
| Q4 25 | $26.0M | $-134.8M | ||
| Q3 25 | $-4.1M | $-231.6M | ||
| Q2 25 | $-14.7M | $-726.7M | ||
| Q1 25 | $1.1M | $-262.3M | ||
| Q4 24 | $22.1M | $-210.3M | ||
| Q3 24 | $14.6M | $-367.0M | ||
| Q2 24 | $-284.0K | $-493.2M | ||
| Q1 24 | $-4.2M | $-457.9M |
| Q4 25 | 14.3% | -41.3% | ||
| Q3 25 | -2.1% | -96.4% | ||
| Q2 25 | -7.9% | -318.6% | ||
| Q1 25 | 0.7% | -68.2% | ||
| Q4 24 | 12.8% | -60.0% | ||
| Q3 24 | 8.0% | -82.3% | ||
| Q2 24 | -0.1% | -169.3% | ||
| Q1 24 | -2.3% | -75.1% |
| Q4 25 | 3.4% | 18.0% | ||
| Q3 25 | 4.4% | 25.2% | ||
| Q2 25 | 2.9% | 174.4% | ||
| Q1 25 | 2.8% | 66.3% | ||
| Q4 24 | 2.1% | 187.0% | ||
| Q3 24 | 2.6% | 77.8% | ||
| Q2 24 | 2.5% | 208.4% | ||
| Q1 24 | 2.6% | 85.5% |
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | -3.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | -2.15× | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.61× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
